Molson Coors Brewing. A lower tax expense helped the Denver-based brewer’s fourth-quarter net income more than double, but earnings fell short of Wall Street’s expectations.

The beermaker behind Miller, Heineken and Foster’s also said Thursday it is raising its dividend 16 percent, or 5 cents, to 37 cents.

Overall, Molson Coors earned $131.5 million, or 71 cents per share, for the period ended Dec. 31. That compares with $60 million, or 33 cents per share, a year earlier.

Excluding restructuring costs and other items, earnings were 68 cents per share. Analysts, on average, expected earnings of 72 cents per share, according to a FactSet survey.

Revenue after excise taxes was nearly unchanged at $1.03 billion.

WhiteWave Foods. The Broomfield-based maker of Silk soy and Horizon Organic dairy products reported strong growth across all of the company’s platforms.

WhiteWave posted net income of $39 million, or 22 cents per share, in the quarter ended Dec. 31, compared with $31 million, or 18 cents per share, in the comparable period of 2012. Sales increased 11 percent to $679 million from $609 million a year earlier.

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